Investment based platforms keep getting launched on a near daily basis and somehow, despite the risks associated with participation, people keep joining with some losing money. greenovate-ltd.com is one of the newest addition to the list of platforms that claim to be paying users for ‘investing’ and it’s been promoted by users on social media massively due to the fact that it’s paying for now.

What most users speaking good about greenovate fail to understand is, most investment based sites will certainly pay the first few users in the bid to spread and appeal to more users and when they get the number of users they need, the person behind the site may decide to close it and cart away with the hard earned monies of users. In all these, I discovered that, some people find themselves in sites like greenovate out of ignorance, so in this article, we will be finding out all there is to know about the platform and the risks associated with participating.

The essence of this article is to educate as many individuals as possible, given that some people still find themselves participating regardless of the glaring risks out of ignorance or simply the issue of being swayed by what they see on social media. Without wasting more time, let’s dive right into the topic of the day.

About Greenovate

Greenovate is an investment scheme that claims to be paying users up to 25% of whatever they invest as ROI on a daily basis. That is to say, as a user, you sign up and invest your own money by activating one of their products and then start earning more money on a daily basis depending on the reward structure of the product activated.

There are several products on the website and they come in various prizes — meaning, you have to spend certain amount of money to activate one of the products. The minimum product is 3,000 naira that yields 759 naira on a daily basis for the user.

Earning Methods

There are three main ways to earn money on Greenovate including the investment aspect and they are as follows;

1. Buying A Product

This is the main way of earning money on the platform but it involves spending your own money first to activate a product. They call, their own investment product purchase and depending on the product purchased, you can earn certain percentage daily. From my findings, users who activate a product get to earn 25% on a daily basis and the rewards get credited to one’s balance every 24 hours.

As a user, buying a product is not an option as it’s literally the key that unlocks many other features of the site. Failure to buy one of the plans means you wouldn’t be able to participate generally as the withdrawal won’t be enabled for your account, thus other earning methods would not be so useful to you.

You can buy a product ranging from 3,000 to 800,000 naira and if you decide to participate with your money, the first step would be to recharge your wallet on the site, then used the recharged amount to buy one of the products.

2. Referrals

Building a team is one of the evergreen methods or ways to earn on earning platforms, investment schemes inclusive. If you build a team, you get to earn 23% from your direct referrals, 2% from your second level referrals and 1% from your third level referrals. What this means is, you get to earn money not just from your first level referrals but from your second and third level referrals i.e. the users referred by your own direct referrals also fetch you some earnings.

You can get your referral link by clicking on Share on your dashboard, you will find a referral code and link. Copy and share to friends for a chance to earn extra money on a daily basis.

3. Gift Code

Unlike what is obtainable on other platforms, you don’t get to earn for signing or check-in daily. Instead of greenovate, you earn on a daily basis when the administrators drop a gift code on their official telegram group. So if you are fast enough to copy and use the gift code, you earn some extra stipends.

The gift codes are posted every evening on their telegram group and you can find it if you are fast enough.

Withdrawal Process

You can withdraw directly from the platform once you have earned up to 1,000 naira and this can be achieved once you have activated a product given that, all new users are given 600 naira upon creating an account.

So you just have to earn profit for a day to reach the withdrawal threshold. To request for payment, click on Withdraw, enter the amount, add your bank account details and submit for payment.

There is 15% payment processing fee, so don’t expect to receive exactly the amount withdrawn on the platform and the payment is not instantly processed, it takes a few hours.

Is greenovate-ltd.com Legit?

Greenovate-ltd.com is not a legit earning platform. As a matter of fact, it’s a scam in every sense of the word — reason being that it’s a ponzi scheme or investment scheme” all such platforms are considered a fraud and for your own good, steer clear unless you understand the risks and have significant experience with such sites.

Also Read: is bhnnn.cc Legit Or Fraud? (The Truth) 

Ponzi schemes like greenovate tend to pay for a while in order to attract many other “investors ” and then they crash when they have gotten enough investors. There are two main reasons why all such sites tend to crash after a while and they are;

• Pressure of having to pay out such huge interest rate gets overwhelming for the administrators or individuals behind the platform. Reason is, the so called interest they pay out is not generated externally but from the deposits made by other users, so when the inflow stops coming as much as it is coming currently, they won’t be able to pay out the interest again.
• The administrators may not want to continue immediately they get the amount of money they set out to receive. This happens when the platforms reaches it’s goals or number of users, so what they do is, close the site and launch a “fresh one” to deceive gullible individuals.

Therefore, it is pointless sugarcoating sites like greenovate. They are scam/fraudulent schemes launched for the sole purpose of defrauding ignorant individuals or people who think they can make money enough before it crashes. The only set of people who tend to benefit from sites like this are;

1. Users who have the ability to refer a lot of other users. Building a team could help one earn alot of money even enough to cover his or her initial capital and profit.
2. Users who are able to manage or curtail their greed and stick to the lowest plan. Having less money in the system will save you from the impending crash undoubtedly.
3. Early birds — people who joined a day or two after the platform officially kicked off operation. In the case of greenovate-ltd, it’s already lasted beyond the first few days thus it’s a very high-risk venture to join now.

Pros

Are there upsides or things about greenovate that could be regarded as positive? Well, I found a few;

• Low minimum withdrawal pegged at 1,000 naira
• 600 naira registration bonus
• Low “investment amount”
• Active support team with a telegram chat group for users to converse.

Cons

On the other hand, there are loads of negative things about greenovate that are worth noting and they are as follows;

• Nature of the platform :- investment schemes are bound to crash, it’s not even about fraudulent administrators or “good CEO” as some people like to deceive themselves. No platform can pay out such huge interest and last long.
• High withdrawal charges
• Unsustainable earning structure designed in a hit-and-run manner.

Conclusion

Greenovate-ltd is an investment scheme bound to crash as time goes on. Therefore, it’s best to stay away or when the worst comes to worst, participate only with money you can afford to lose for your own good.

Thanks.